Is Blanchard, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blanchard is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Blanchard was a Seller's Market.

Key Takeaway

Blanchard is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Blanchard, LA

How much do homes in Blanchard, LA cost?

Median Sold Price

$238,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$500(+0.2%)

Key Takeaway

The sold price of homes in Blanchard has remained the same since last year.

Summary: The median home sold price in Blanchard was $238,000 in November 2024, up 0.2% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $73.5K$135.5K
+84.4%
3 $224.9K$235.5K
+4.7%
4 $272.5K$251K
-7.9%
5+ -$286.2K
N/A

Summary: Blanchard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 84.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes did not change.

Housing Supply in Blanchard, LA

How many homes are available in Blanchard, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
15150.0%

Summary: The Blanchard real estate market had 15 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1313
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Blanchard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blanchard, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Blanchard in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Blanchard, LA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Blanchard, LA

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